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Merck settles with FTC: Merck & Co., the biggest U.S...

August 27, 1998

Merck settles with FTC: Merck & Co., the biggest U.S. drugmaker, agreed to settle Federal Trade Commission charges that it received unfair preferences from a division it acquired in 1993 that purchases pharmaceuticals for managed-care health plans, the FTC said. The consent decree was the result of a lengthy review of Merck's relationship with Merck-Medco Managed Care LLC.